ET Now: What is your sense if earnings do not turn out as great as what people expected. Do you think that there is a strong possibility for the market to go down?

AK Prabhakar: Yes, now hopes are very high on banking results. As far as IT is concerned the results will be flat, maybe slightly positive from Wipro or HCL Tech. But if banking disappoints then we have a trouble in hand and as the technical analyst also said that if we are not able to move up then that becomes a problem.

In the last six years also we are trading at 5000 levels and people are now getting worried about index stocks. So, we have to shift our focus. Now taking 10%-15% returns has become the order of the day. Every one-two months people have started to rotate portfolio.

The market has become range bound and finding an outperformer is becoming very difficult. So, if correction comes as everybody is predicting than below 4800 or 4600 then investors get a opportunity to buy. So, correction is welcome in my view. If it happens then lot of people are waiting on the sidelines to enter the market.